Life Insurance
Life insurance is a policy that protects your wealth for your entire life. There has been a surge in popularity for limited pay life insurance as most do not wish to pay for their insurance for a long period of time, while maintaining a lifetime of coverage. Unlike term plans, life insurance plans often have a cash value tied to the policy. Upon surrendering of the plan, the policy owner will receive a lump sum of cash that often equals or is greater than what they initially put in.